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Resolution of the Board of Directors of the Corporation for Public Broadcasting
May 24, 1993

FY 1994 Operating Budget

7 in favor, 1 opposed

RESOLVED,

That the Board of Directors hereby approves CPB's FY 1994 Operating Budget as reflected in the accompanying table dated May 24, 1993.

FURTHER RESOLVED THAT:

Consistent with this resolution, the President and Chief Executive Officer may, from time to time, make reallocations in the line items of the budget not to exceed ten (10) percent of any line item, provided that the Board is informed in advance of such reallocations through reports from the Treasurer.